Banking institutions are indispensable to any nation’s economy and financial setup. They provide borrowing/saving opportunities and other important facilities to the general public and corporate entities. Customers are increasingly likely to rely on the large banks that can provide national or even global services, and which can offer more competitive interest rates. Total assets are the total value of all financial units regarding a company’s property, as well as financial capital, which consists of own corporation resources, investor assets, interbank credits, and assets received from bond issues.
Here are the top 10 largest banks in Africa.
| Rank | Bank | Total assets |
| 1. | Standard Bank (Stanbank) Group | $172.9 billion |
| 2. | National Bank of Egypt | $124.9 billion |
| 3. | Absa Bank | $87.8 billion |
| 4. | FirstRand | $81.9 billion |
| 5. | Nedbank Group | $78.6 billion |
| 6. | Attijariwafa Bank | $63.8 billion |
| 7. | Banque Misr | $57.9 billion |
| 8. | Banque Centrale Populair | $49.9 billion |
| 9. | BMCE Bank Group | $37.3 billion |
| 10. | Investec Bank | $29.9 billion |
